Page 26 - Jerome Powell

Framework review complete, Powell starts hard sell for higher inflation

On Thursday, Fed Chair Jerome Powell begins what may be the tougher task: convincing the public that the central bank can and will deliver in the wake of a pandemic

Gold prices fall to Rs 51,454 per 10 gram, silver plunges to Rs 64,594 a kg

In New Delhi, prices of 22-carat gold plunged sharply to Rs 51,250 from Rs 51,700 per 10 gram in the previous trade while price of 24-carat was at Rs 54,870

Gold ticks higher as dollar slips; focus turns to Fed Chair Powell's speech

Spot gold was up 0.2% to $1,935.88 per ounce by 0335 GMT. U.S. gold futures gained 0.1% at $1,941.60

Fed chief Powell says coronavirus surge slowing US economic recovery

Powell's comments, made via videoconference after the Fed announced its policy decision to leave interest rates near zero, suggest dimming hopes for a quick economic rebound

US economy likely suffered historic plunge in Q2; outlook grim due to virus

Federal Reserve Chair Jerome Powell on Wednesday acknowledged the slowdown in activity

'Extraordinarily uncertain': Fed chief Powell on outlook for US economy

Fed Chairman Jerome Powell said the outlook for the US economy was 'extraordinarily uncertain' and the success of the recovery effort would depend on its ability to contain the coronavirus spread

US Federal Reserve's balance sheet shrinks for first time since February

The Fed's balance sheet fell to $7.14 trillion on June 17 from $7.22 trillion a week earlier

Indices tumble as worries over second wave of infections cloud sentiment

Fed's assessment of a long-lasting damage to US economy dented risk appetite

Emerging-market rally seen unstoppable as traders turn to Powell

JPMorgan's measure of implied volatility for EM currencies had its biggest weekly drop since 2011

Second wave of Covid-19 could derail US economic recovery: Fed chief Powell

Powell believes that the second wave of coronavirus cases would dampen consumer confidence and hurt economic recovery

US economy to recover from Covid-19 shock by end of 2021: Fed Chief Powell

The US has expressed disappointment over China's handling of the Covid-19 which has claimed nearly 90,000 lives in America

Stock markets fall sharply as stimulus package fails to lift sentiment

The benchmark indices fell nearly 3% on Thursday, erasing all the gains made a day earlier on optimism over the Rs 20-trillion rescue package announced by the government

Market Wrap, May 14: Here's all that happened in the markets today

Sectorally, IT stocks took the biggest knock as the Nifty IT index declined 3.5 per cent to 13,293.70 levels. Nifty Bank lost 566 points or nearly 3 per cent to 19,068.50 levels

Market Ahead, May 14: All You Need To Know Before The Opening Bell

A total of 18 companies including Biocon, Escorts, and Manappuram Finance are scheduled to announce their results today

Covid-19 crisis: Jerome Powell warns of lasting harm; US stocks slump

The Dow Jones Industrial Average was down 496.84 points, or 2.09 per cent, at 23,267.94, the S&P 500 was down 52.72 points, or 1.84 per cent, at 2,817.40 (at 9:37 pm IST).

Wall Street falls as Powell warns of extended period of weak growth

It will take some time for the US economy to get back to where it was, Powell said in a webcast, and called for more fiscal stimulus

Fed Chair Powell warns of prolonged US recession after coronavirus

He said the US economy may depend on more fiscal stimulus to fight the economic impacts of the coronavirus

Amidst the gloom and doom, the market's exuberance is confounding

For the sake of context, the financial crisis of 2008 had seen the S&P 500 fall by more than 50 per cent from its peak

For Fed Chair Powell, March was intense as response to Covid-19 intensified

Though the calendar gives no details on what was discussed, it suggests an explosion of activity at the US central bank unseen since the darkest days of the 2007-2008 financial crisis

Dow wraps up strongest three days since 1931; S&P 500 surges 6.24%

The Dow finished up 21% from its Monday low, establishing it in a bull market, according to a widely used definition. It was the index's strongest three-day percentage increase since 1931